Cannabis stocks have risen substantially over the last couple of months, driven by catalysts such as the legalization of recreational marijuana in Canada. This has, however, made some cannabis stocks too expensive.
One of them, Tilray (TLRY), looks bubbly right here – fundamentals don’t justify the current valuation, and at least some investors are not rational in the way they react to news items.
I believe that Tilray’s shares should be avoided at the current price of more than $100 per share.
Tilray As A Member Of The Canadian Cannabis Industry
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